Cashed up high risk/high reward crypto/fintech play- $3.2M market cap
- $2M in cash as of last financials
- Last financing was done at .08 with insiders participating
- Today's NR indicates they will be launching a new product in Q4 2022, meaning any day now
- Re-designed website, OTCQB uplisting suggest there may be a marketing budget allocated for new product launch
- Bitcoin is showing signs life in recent days; if it can sustain momentum, it will help all crypto stocks
- Stock is prone to sudden moves, most recently from .015 to .04 on Dec 6 - 8.
From today's news release:
"Recently, Mobilum initiated the development of a consumer driven offering, Mobilum Pay. This is Mobilum's most ambitious product yet. The Mobilum Pay wallet combines Mobilum's fiat to crypto onramp solution along with a debit card offering from one of the globe's largest credit card networks. Mobilum Pay ultimately aims to provide a host of features such as payment accounts for multiple currencies, debit card issuing, integrated with Apple Pay and Google Pay, money transfer options, QR payments, loyalty cards, address book and more. The initial version of Mobilum Pay is scheduled to launch Q4.
As Steve LaBella, Mobilum CEO, explains, "Mobilum keeps evolving. With the soon-to-be launched Mobilum Pay, this is our first foray into what is typically viewed as the neo banking space. We are excited for this new direction while we continue to seek opportunities to increase crypto payment transactional volume, an area of the crypto industry we consider less risk-exposed. Given recent events in the crypto markets, I would also like to clarify that we have never been engaged by FTX nor any companies within its sphere of influence. We are not significantly exposed to custodial concerns of individual's digital assets nor subject to significant cryptocurrency value volatility."
Wojciech Kaszycki, Mobilum's Chairman further adds, "It is exciting to see Mobilum Technologies' offerings come together under Mobilum Pay. The neo banking industry alone is projected to be a $2 trillion industry by 2030. Mobilum seeks to capture some of this growth as we continue to grow our innovative global payment products and services.""
